Next Game

Raith v Rangers

Friday, 12 September 2014, 19:45

Scots Champ

Ibrox Stadium

Last Game

Rangers 4 - 2 Q of South

Saturday, 30 August 2014, 15:00

Scots Champ

Fans group gets behind King

A coalition of Rangers fan groups says it will press ahead with Dave King's plan to drip-feed season-ticket cash to the club as the battle for power at Ibrox intensifies.

Last Updated: 14/03/14 at 20:19 Post Comment

Rangers fans group falls in behind former Ibrox investor Dave King

Rangers fans group falls in behind former Ibrox investor Dave King

South Africa-based businessman King has flown to Glasgow for talks with fan groups and investors and the former director also had a meeting with club chairman David Somers on Friday.

A supporters' collective, the Union of Fans, have set up the trust fund first suggested by King last month to collect season-ticket money from the Light Blue faithful.

It says it will only pass on the cash to the current board once it has given supporters assurances about the club's finances. The fans claim that the club could be cast into 'the wilderness' without King's support.

The move comes after Rangers posted a £14.4m loss last year and were then forced to enter into a £1.5m loan arrangement with investors Sandy Easdale and Laxey Partners.

The agreement hands Easdale and Laxey security over the Albion car park and Edmiston House facilities near Ibrox, and Laxey a guaranteed £150,000 profit on the deal; the club say they are now examining a counter-offer from shareholder George Letham.

The fans' statement read: "We believe that if the board is happy to hand over security for the Albion car park and Edmiston House, in return for a high interest loan, then they should be happy to secure Ibrox and Auchenhowie (training ground) for the supporters.

"The board has already publicly stated that it has no plans to use these assets to raise finance and we therefore see no reason why it would not comply with this request."

The statement continues: "It is clear from Friday's meeting that Dave King shares the concerns of supporters with regard to the desperate need for investment in the club.

"He has indicated that he is willing to provide that investment by taking a lead role in a fan-based initiative and we are fully supportive of the terms on which he wishes to do so.

"We have arranged to meet again early next week to move the plans forward once he has completed a series of further meetings over the weekend. We would hope to then be in a position to release specific details.

"We are extremely happy with what we see as a clear path forward to return Rangers to health and put the club on a secure footing, where it can challenge for the league and in Europe in the years to come.

"Without the investment being offered by Dave King and others, and with the current board planning to slash costs across the club, which could even delay our return to the top league, we fear that Rangers could be left in the wilderness for years to come."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Liverpool striker Mario Balotelli missing from Italy squad

Liverpool striker Mario Balotelli has been left out of new Italy coach Antonio Conte's first squad.

Scottish Premiership: Dundee v Celtic team news

Team news for Sunday's Scottish Premiership cash between Dundee and Celtic at Dens Park (12:30 KO).

Premier League: Mark Hughes wants Stoke to push on after win at Manchester City

Mark Hughes has urged Stoke to push on in the Premier League after they stunned Manchester City 1-0 at the Etihad.

Mail Box

Surely A Spurs Fan Should Remember...

...what happened to the fourth Champions League place the last time an English team won the thing. Plus, who would want to pay £60 to watch the current England team?

Ginger Pirlo? Don't Make Me Laugh...

A Sunderland fan in the mailbox is surprised by Jack Colback's call up to the England squad. Plus, thoughts on Welbeck and Liverpool's Champions League draw...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property